Post
Topic
Board Development & Technical Discussion
Re: Ordinals suddenly starts making the rounds.
by
bitmover
on 25/04/2024, 16:36:10 UTC

While, I don’t seem to really understand it as a whole but, how then did this very not well appreciated part of Bitcoin came to be this way? I don’t really get the concept but, it doesn’t seem very appreciated.

My searches on what Ordinals really is talks about, Ordinals being some Bitcoin NFT, where Satoshi Nakamoto assigned some signatures to the sats that could serve as an NFT (Non Fungible Tokens).
Should a currency of this nature really have that? Just a good for thought. I mean, Bitcoin is just as unique, precious and more adorned the way it is such that, it’s shadow will continue to be cast on whatever it’s tied or linked with.
Though, that’s not the point but,
While it talked about having certain signatures attached to the sats, isn’t this applicable to every other sats out there, to serve as a unique unit of there own with them signatures?

Here is the official ordinals documentation, wheree they explain how to determine if a satoshi is common /rare/ uncommon etc

https://docs.ordinals.com/overview.html

Quote
Ordinals are a numbering scheme for satoshis that allows tracking and transferring individual sats. These numbers are called ordinal numbers. Satoshis are numbered in the order in which they're mined, and transferred from transaction inputs to transaction outputs first-in-first-out. Both the numbering scheme and the transfer scheme rely on order, the numbering scheme on the order in which satoshis are mined, and the transfer scheme on the order of transaction inputs and outputs. Thus the name, ordinals.

Quote
Total Supply

    common: 2.1 quadrillion
    uncommon: 6,929,999
    rare: 3437
    epic: 32
    legendary: 5
    mythic: 1